Top 5 Health Care Stocks That May Crash In Q3
Portfolio Pulse from Lisa Levin
The article lists the top 5 overbought health care stocks that may crash in Q3. These include TC Biopharm (TCBP), Biodesix (BDSX), Revolution Medicines (RVMD), Frequency Therapeutics (FREQ), and DICE Therapeutics (DICE). The companies are considered overbought as their Relative Strength Index (RSI) values are above 70, indicating they may be overvalued.
August 07, 2023 | 12:15 pm
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NEGATIVE IMPACT
Biodesix's stock is considered overbought with an RSI of 71.03. The stock fell 2.5% to close at $1.58 on Friday.
The high RSI value indicates that the stock is overbought and may be overvalued, which could lead to a price drop in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
DICE Therapeutics' stock is considered overbought with an RSI of 80.28. The stock fell 0.3% to settle at $47.31 on Friday.
The high RSI value indicates that the stock is overbought and may be overvalued, which could lead to a price drop in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Frequency Therapeutics' stock is considered overbought with an RSI of 70.63. The stock jumped 10.4% to close at $0.7250 on Friday.
The high RSI value indicates that the stock is overbought and may be overvalued, which could lead to a price drop in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Revolution Medicines' stock is considered overbought with an RSI of 70.13. The stock fell 2.1% to close at $31.21 on Friday.
The high RSI value indicates that the stock is overbought and may be overvalued, which could lead to a price drop in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
TC Biopharm's stock is considered overbought with an RSI of 70.23. The stock fell 4.9% to close at $0.78 on Friday.
The high RSI value indicates that the stock is overbought and may be overvalued, which could lead to a price drop in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100